Upshot Foundation Inc

ORLANDO, FL EIN: 84-2619549

Upshot Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLANDO, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 4 grants totaling $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$23K

-7.8% YoY

Annual Giving

$27K

+1.9% YoY

Grant Count

-20.0% YoY

Avg Grant Size

$7K

+27.4% YoY

Under IRS private-foundation payout rules, Upshot Foundation Inc reported a distributable amount of $448 for 2024 — the minimum it must pay out in qualifying distributions.

About Upshot Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $160K (93%)

Texas $5K (3%)

District of Columbia $5K (3%)

Connecticut $2K (1%)

States

Connecticut District of Columbia Florida Texas

Cities

ClermontDallasHartfordOrlandoWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$22,811	$24,740	$38,501
Revenue	$31,307	$10,000	$35,000
Expenses	$28,236	$27,736	$54,336
Qualifying Distributions	$27,000	$26,500	$53,000
Net Investment Income	—	—	—
Distributable Amount	$448	$1,309	$2,026

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Orlando Ballet Inc ($15,000), Special Olympics Florida Inc ($5,000), United Arts of Central Florida Inc ($5,000).

Recipient	Purpose	Amount
ORLANDO BALLET INC ORLANDO, FL	SUPPORT FOR FINE ARTS	$15,000
SPECIAL OLYMPICS FLORIDA INC WASHINGTON, DC	CONTRIBUTE EQUIPMENT, ATTIRE AND HEALTH SUPPLIES THAT CAN HELP TRANSFORM AN ATHLETE'S LIFE	$5,000
UNITED ARTS OF CENTRAL FLORIDA INC ORLANDO, FL	SUPPORT FOR FINE ARTS	$5,000
PREA FOUNDATION INC HARTFORD, CT	SUPPORT FOR REAL ESTATE ADVANCEMENT	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JENNIFER SOCARRAS	PRESIDENT	0.25	—
RAUL SOCARRAS	TREASURER	—	—
JUAN CARLOS GOMEZ	SECRETARY	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Upshot Foundation Inc?

Upshot Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORLANDO, FL. It holds $23K in total assets as of 2024.

How large is Upshot Foundation Inc?

As of 2024, Upshot Foundation Inc holds $23K in total assets with $31K in annual revenue. It awarded 4 grants totaling $27K in 2024.

Where does Upshot Foundation Inc operate?

Upshot Foundation Inc has awarded grants in Connecticut, District of Columbia, Florida, Texas.

What size grants does Upshot Foundation Inc award?

In 2024, Upshot Foundation Inc awarded 4 grants totaling $27K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Upshot Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Upshot Foundation Inc reported a distributable amount of $448 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.